Why I left Engineering/IT

I didn't leave because it was hard.
I left because it was no longer worth it.

Friday, July 30, 2010

My Investment Portfolio (July 2010)

It had been a good month as STI moved closer to 3000 points, but ran out of steam at the last moment. Nevertheless, volume in the market is still not strong enough which might explain that most investors are still in the sidelines. Investors might be waiting for more companies to announce their 2Q2010 results before deciding what to do.

For my top 30 stock holdings, not much changes actually except Keppel Corp and SingTel returned to the list mainly due to no price transacted for Viz Branz on the last trading day of this month. Keppel Corp also announced a decent 2Q2010 results which might explain why investors bought into the stock.

I have participated in the following scrip dividend schemes - QAF and DBS Group Holdings. I have also subscribed to the following rights issues - Berlian Laju, Hotel Royal, Riverstone and Swing Media.I have also converted the following company warrants to shares - Asiatic and KSH Holdings. Unfortunately, I didn't get to convert any of my Metro warrants to shares as I have identified better investment opportunities and had invested the funds reserved for the warrant conversion back into the market instead.

Next month, I will reserve some funds for New Toyo and Old Chang Kee rights issue. I am still considering the offer by Khazanah for my Parkway Holdings shares and it is most likely that I will continue to hold onto it.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 July 2010)

Don't be surprised if I hold a lot of these penny stocks as I have a diversified portfolio. However, do note that I do overweight my best ideas and the rest are just there for diversification purposes.

I have only a very small stake in Berlian Laju. Yes, management had not been very great and coming out for rights issue again after doing one last year.

But surprisingly, bankers are still supportive on the rights issue by underwritting to take up those unsubscribed shares. Will hold onto the shares and see what they can do moving forward.

I don't really like to sell a small stake in a company as brokerage charges will eat up whatever proceeds that you might be getting.

I dunno about you, but I won't want to hold more than 1% in a risky stock like Berlian. Granted that it have the potential, I guess it is still yet to be seen whether they can pull it off. The huge debt in their balance sheet is another red flag.

Definitely. But as part of my diversification strategy, there will be some companies that will not doing well. You win some, you lose some and so it is ok for me.

I think you might be taking a high risk by buying so much in one counter. I normally restrict my exposure in small caps as they are more risky. I haven't gave up hope on some of these unlisted companies as they might come back one day.

Fastech Synergy is actually on the road to recovery but SGX is eager to delist companies these days. Hopefully, it can come back one day.

As I see in your site ,You provide a good info on the investment market.Investment market is full of risk.If you expected higher return than you need to be ready for higher risk also.Your information is helpful to get good return with avoiding risk in the fluctuating market condition.I also want to upload one quality article for your blog,based on investment.in return I can also upload your article with link in my blog or site.

Hi,Please advise if I should sell me Low Keng Huat share. There is a cash offer of 46.5 cents. Can I not sell it? What happens if I don't sell it? Will it still be traded on the exchange and if I will still receive dividends?Thanks for any advice,Maggie

Of course you can. You can choose not to sell if you want to. Currently, it is the intention of the offeror to keep Low Keng Huat listed. Also, you would have received the document from the independent financial adviser with regards to the offer. Unless the offeror got more than 90% of the shares, it might be suspended due to not enough free float. But currently, they only have around 61% of the shares.

You should goto SGX announcement page for more up to date information but I suspect that they will not be able to get more than 90% of the shares after the offer closes.

About Me

A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!